GAFI Discussions Ongoing to Develop Taba-Nuweiba Region

• Saturday, 25th June 2016
• by Nadine Abou el Atta

There are ongoing discussions by the General Authority for Investment (GAFI) to put Taba and Nuweiba on the global investment map for tourism and investment, said member of the Nuweiba-Taba Tourism Investors Association, Hany Gawish, according to Daily News Egypt.

NBE Allocates EGP 700M to Mortgage Finance

• Friday, 3rd June 2016
• by Invest Gate

The National Bank of Egypt (NBE) has allocated an amount of EGP 700 million, for the purchasing of 8,600 apartments within the Central Bank’s mortgage finance initiative, to provide housing for low and medium-income citizens.

Egyptian Mountain View, Saudi Sisban to Construct EGP 32B iCity

• Thursday, 26th May 2016
• by Invest Gate

The Minister of Housing, Utilities and Urban Communities announced in a press release Egypt’s biggest real estate project to date, the iCity. The project will be constructed through a partnership between Egyptian Mountain View and Saudi Sisbain.

Palm Hills to invest EGP 2B in 2016

• Tuesday, 24th May 2016
• by Invest Gate

Palm Hills is planning to invest EGP 2 billion ($225 million) within the current year.

Egypt to offer 49 Million Square Meters of Land to Tourism Investors within Days

• Thursday, 12th May 2016
• by Nadine Abou el Atta

The Egyptian government will offer a total of 49 million square meters of land to investors in the upcoming days, said Serag El Din Saad, Head of Tourism Development Authority (TDA), in an interview with Daily News Egypt.

Al Futtaim Plans to Sign EGP 1 B in Contracts in 2016

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

Al Futtaim Real Estate intends to sign contracts worth EGP 1 billion in 2016, while also increasing investment in its Cairo Festival City projects by EGP 2 billion, for a total investment of EGP 19 billion, the company’s Managing Director Mohamed Al Mikawi told Daily News Egypt.

Egypt’s Ministers Fly to UAE to Boost Investment

• Thursday, 28th April 2016
• by Nadine Abou el Atta

Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu Dhabi on April 27 to follow up on potential UAE partnerships in development and investment projects.

Egypt’s Madaar Development to Pump EGP 700 M in its Azha Project

• Monday, 25th April 2016
• by Nadine Abou el Atta

Madaar Development, an Egyptian real estate company, plans to invest EGP 700 million ($78 million) in its Azha compound, located in Ain El Sokhna, reported Amwal Al Ghad.

Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017

• Monday, 25th April 2016
• by Nadine Abou el Atta

The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.

Housing Minister Meets a Delegation of French Businessmen and Officials

• Monday, 18th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, met with a delegation of French businessmen and company officials operating in the fields of construction, utilities, financial institutions, and advisory offices, on the sidelines of the French President’s visit to Cairo, reported Invest Gate.